Then I wonder how I’m still alive, as in January of 2025, will mark two years since I started buying my groceries every single month with it.
Then I wonder how I’m still alive, as in January of 2025, will mark two years since I started buying my groceries every single month with it.
Fiat currency only really works well for those of us blessed enough to be born in the Western world, United States, Canada, England, Europe, etc. For a lot of people in the world, fiat currency is an absolute plague. Have a look at places like Venezuela where inflation is so high that people have to kill each other for basic necessities to survive or Argentina that is just now managing to pull itself out of years of crazy inflation levels. For those types of people, a crypto that we in the West would consider to be highly unstable is actually extremely stable as compared to their local currency. Plus, all you need to access crypto is any sort of internet connection and an electronic device such as a laptop or smartphone. Those people do not have access to the banking system either because of physical distance or governmental issues.
We have our own platforms where we can easily find each other in order to connect for circular economy purposes. And yes, somebody in crypto would easily benefit if people moved to a crypto standard because they took the risk early. I’ve recently been seeing chatter about governments around the world trying to tax people on their crypto holdings because they got in early and it’s not fair to everybody else. Well, everybody else didn’t take the risk.
Not everywhere will. Those businesses and individuals who believe in the philosophy of why crypto was needed to begin with either won’t convert anything at all or will convert as little as they need in order to survive and keep the rest. We also seek out individuals and businesses who agree with our philosophy and do business with them in order to help build a circular economy whenever possible. Thankfully, that is getting easier and easier as time goes on.
underwear is not nude but still nice anyway
Yeah, most people aren’t going to figure it out until they’ve been really hurt, and then they’ll be looking for something else. Pain is the only thing that makes habits change quickly. Otherwise, they either will not change or will only change extremely slowly.
Have you done any digging to see what the actual problem with it is? Are they uncomfortable with the technology? If so, is the technology something you can handle? Are they uncomfortable with the fluctuations? In that case, use the 365 day moving average and then update the price every like four months or something. Even though Bitcoin is the most popular crypto, you may want to avoid it simply because it’s an upskirt chain. And so every transaction you make to a supplier or whatever could be tracked. And so people could find out how much you pay for supplies, etc. In a business context, Monero would probably be better. Just simply because it has privacy. Also, since it is private and fungible, you, as a business owner, wouldn’t have to worry about if the transaction you are receiving is tainted with bad coins from other illicit usage, etc., where on Bitcoin and other chains, you definitely have to worry about that.
You could take a look at the bank bail-ins in Cyprus in like 2013, where anybody with over $100,000 worth of assets had all their money taken from them by this Cyprus government in order to stabilize the banks. How would you feel if the equivalent of your 401k that you were relying on for retirement was just taken away to stabilize a failing bank? Sure, because your money helped stabilize the bank, you get stock in the bank. But who on earth would want stock in a just failed bank?
Makes sense. What I’ve decided to do is try to help it grow by offering your standard items for Monero, such as AAA batteries, toasters, coffee makers, baking dishes, etc.
It actually works very well in those kinds of situations. People like that are constantly getting booted from the banking system and financial services. So crypto is a very good fit for that. Some of the very first people to use Bitcoin back in like 2010 and 2011 was WikiLeaks. After they were cut off from the Visa network, they were cut off from PayPal and other money transfer businesses and they were cut off from their bank accounts and they would have shut down had it not been for the funding they got through Bitcoin. There are a few industries that are perfectly legal that are just morally dubious to some people and therefore get kicked out of the banking system quite easily. Take a look at Operation Choke Point and Operation Choke Point 2.0.
Fair enough, it definitely takes some getting used to.
Oh, I completely agree. I wouldn’t touch that world coin shit with a 30-foot pole. As for Monero in your country, you could be one of the first.
It’s not going to rise or fall that much in such a short amount of time. That’s for sure. With Monero, I generally prefer to use the 365-day simple moving average, and I found that normally it fluctuates within about 6% of that level. So that’s not a terrible fluctuation in either direction. Actually, if you have the money and patience, it would be a really good swing trade. Buy Monero when it is like 6% below the 365 day simple moving average. Wait for it to climb 6% above and then sell it all and do it again. But as I said, you would definitely need time because those swings can take several months.
Because everybody’s totally going to believe that. LOL.
I thought I read something that said one of the servers or services or something was already like 4.8 terabytes and growing by the day.
Blind, cant read pic.
Okay, then in that case you know more about it than I do because I’ve been under the impression for a very long time that it was blockchain-based.
Edit: https://xrpl.org/
Ripple does actually use the blockchain. It’s called the Ripple ledger. Its symbol is XRP and you can buy it
While internet access is undoubtedly helpful, it is not totally required. I have seen people create physical bills and coins that have those scratch off things like you might find on an Amazon gift card you buy from the store. So you know as long as it has not been scratched off that the money is actually on the card itself.